Bitcoin-based Eggschain Tracking Platform Partners With Boston IVF

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The Bitcoin-based genetic data tracking system Eggschain has announced a partnership with the Boston IVF chain of 30 fertility clinics in the United States.

The new partnership will use blockchain technology provided by Eggschain to facilitate the tracking of cryogenically stored sperm to be used for in vitro fertilization (IVF) and other fertility and non-fertility treatments, as well as long-term data storage. genetic. An Eggschain spokesperson said:

“Using blockchain to track biological samples such as sperm and eggs empowers people with reproductive issues. This pivotal partnership enables greater trust through transparency and immutability of data.

Founded in 1986, Boston IVF is a chain of fertility clinics specializing in IVF, genetic data storage and endocrinology. The clinics have reportedly helped more than 100,000 babies give birth so far. The chain has also graduated more than 30 reproductive endocrinologists through its accredited REI scholarship program.

Boston IVF CEO David L. Stern said he hopes the integration of blockchain technology into the company’s operations will enhance the customer experience “with an unprecedented level of transparency and security.”

Austin-based Eggschain is a healthcare technology company that creates a supply chain solution for the fertility industry using a blockchain built on layer two Bitcoin stacks. It operates an on-call management system that secures stem cells, DNA, RNA, organs, tissues, blood and IVF. It is believed to reduce the time required for the sperm selection process in global jurisdictions by recording data on its platform, protecting high-level patient data, avoiding grading errors, and increasing transparency of operations. global.

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By partnering with Boston IVF, Eggschain is entering the global $ 21.89 billion IVF market which is expected to grow to nearly $ 34 billion by 2028, according to a report from Grand View Research.

The healthcare industry has benefited from several benefits of blockchain technology, such as Cure Chain and Aimedis, which use non-fungible tokens to help patients store data and even offer crypto rewards for adding to their profile. .

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